Paying for agricultural productivity

Julian M. Alston, Philip G. Pardey, Vincent H. Smith
food policy statement

Throughout the twentieth century improvements in agricultural productivity have been closely linked to investments in agricultural research and development (R&D), but since the 1970s many countries have made major changes in the way they fund and organize public agricultural R&D and in the incentives affecting private R&D. The authors examine these changes in the developed world (highlighting developments in Australia, the Netherlands, New Zealand, the United Kingdom, and the United States) as a step toward evaluating whether the new approaches are raising or lowering the efficiency and effectiveness of R&D.